Understanding China’s Economic Success: “Embeddedness†with Chinese Characteristics

Li Xing

Asian Culture and History, 2016, vol. 8, issue 2, 18

Abstract: This study attempts to provide a framework for understanding the role of the “embeddedness†in China’s economic success reflected by a unique embedded integration of state-market-society relations. “Embeddedness with Chinese characteristics†is the central concept of this study for analyzing how cultural and political uniqueness influences economic activities and shapes distinctive institutional forms. In order to grasp the factors behind the Chinese economic success, it is important to understand how the disembedded forces of marketization and commodification were balanced by the embedded forces of socio-cultural and political structures. These historically and culturally shaped structures, such as the active role of the state and local governments, the variety of forms of property and business ownership, the traditional culture of clientele-based social relations, etc., provide rich empirical context to explain and analyze the “embedded†hegemony in transitional China. The first part of the this paper provides a conceptual framework for understanding socio-cultural and political embeddedness in China and the second part analyzes some characteristics of the state-market-society embedded process during its economic development in the past decades. The conclusion is that China’s economic reform and success manifest a long and innovative grinding-in process of state-market-society relations.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ccsenet.org/journal/index.php/ach/article/download/58904/31540 (application/pdf)
https://ccsenet.org/journal/index.php/ach/article/view/58904 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ach123:v:8:y:2016:i:2:p:18

Access Statistics for this article

More articles in Asian Culture and History from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().